Makes me realise we are further down the timeline than we think - in the movie, constant bbc reports about carry on normally, there is no cause for alarm, etc. When in actual fact what was about to happen was staring everyone in the face.
I've had a bad feeling about this for days, it's not getting any better now.
Here goes then. THREADS. It better be as jolly and entertaining as you all promise
Is this the one the BBC banned for years?
yes banned for being too depictive and frightening -unlike of course the public information films about what to do when the 4 minute warning sounds - build a shelter , grand designs would be proud of OR hide under a table
When you hear the air attack warning you and your family must take cover!
Have you cancelled the milk ? If not do it now .
Also make sure your central heating and all electrical items are switched off. You don't want a huge electricity bill to add to your woes after this.
Someone needs to make a docu-drama about the challenges of getting a new fixed rate mortgage deal in post-apocalypse Sheffield.
1. Scrap council tax and do a 2% annual property tax already, payable by estates or on sale if you can’t pay in the year.
2. Inheritance tax at 20% for all non property assets.
On point 1, are we talking about an annual valuation of every property or simply applying an inflationary uplift base don he house price index in a particular area.
So, let's say Stodge Towers is worth £500k - I would therefore pay £10k per year in property tax. That's well in front of Council Tax. What would you do with commercial property - apply a similar figure?
What about Land Value Taxation ( a good old LD policy) rather than a property tax? Tax the land your property is on rather than the property so for a block of flats the freeholder gets to pay for the land while the leaseholders are taxed on their property.
Reduce the tax to 1%, include land and think about commercial property.
Annual appraisal. Yes, all property treated equally. Yes, you would pay £10k. Tough.
The current Council Tax raises £36.3 billion as far as I can recall. If I have to pay approximately 9x what I pay in Council Tax through your new Property Tax the total amount raised would be in the region of £325 billion.
That's not a small amount - how would that be re-allocated to local authorities? Would this mitigate other forms of taxation - Mrs Stodge might well argue if we have to pay so much more in Property Tax we'll be spending less in other areas which will impact other tax receipts (VAT for example as spending is reduced).
Presumably rents would rise sharply as landlords would seek to recover their Property Tax costs from tenants.
We've still not considered commercial property and unused or undeveloped land
Here goes then. THREADS. It better be as jolly and entertaining as you all promise
Is this the one the BBC banned for years?
yes banned for being too depictive and frightening -unlike of course the public information films about what to do when the 4 minute warning sounds - build a shelter , grand designs would be proud of OR hide under a table
When you hear the air attack warning you and your family must take cover!
His involvement in and work for Habitat for Humanity is truly inspirational.
A fine example of the good a political leader can do when they are no longer in office. Something for the likes of Major, Blair, Brown, Cameron, May, Johnson and before long Truss to consider.
1. Scrap council tax and do a 2% annual property tax already, payable by estates or on sale if you can’t pay in the year.
2. Inheritance tax at 20% for all non property assets.
On point 1, are we talking about an annual valuation of every property or simply applying an inflationary uplift base don he house price index in a particular area.
So, let's say Stodge Towers is worth £500k - I would therefore pay £10k per year in property tax. That's well in front of Council Tax. What would you do with commercial property - apply a similar figure?
What about Land Value Taxation ( a good old LD policy) rather than a property tax? Tax the land your property is on rather than the property so for a block of flats the freeholder gets to pay for the land while the leaseholders are taxed on their property.
Reduce the tax to 1%, include land and think about commercial property.
Annual appraisal. Yes, all property treated equally. Yes, you would pay £10k. Tough.
The current Council Tax raises £36.3 billion as far as I can recall. If I have to pay approximately 9x what I pay in Council Tax through your new Property Tax the total amount raised would be in the region of £325 billion.
That's not a small amount - how would that be re-allocated to local authorities? Would this mitigate other forms of taxation - Mrs Stodge might well argue if we have to pay so much more in Property Tax we'll be spending less in other areas which will impact other tax receipts (VAT for example as spending is reduced).
Presumably rents would rise sharply as landlords would seek to recover their Property Tax costs from tenants.
We've still not considered commercial property and unused or undeveloped land
Fund local government properly. Reduce income tax accordingly. Renters no longer pay council tax, and landlord’s ability to recover from tenants will be limited by what the market will bear.
Key Truss ally tells Times about new age of austerity with slashes to "the very large" welfare budget and "trim the fat" of public services and government departments.
This is scorched earth.
Burn the public realm to the ground before they lose 200-odd seats and are out for a generation.
Key Truss ally tells Times about new age of austerity with slashes to "the very large" welfare budget and "trim the fat" of public services and government departments.
This is scorched earth.
Burn the public realm to the ground before they lose 200-odd seats and are out for a generation.
Madness. Pure madness.
NB: But I am sure the triple lock will be safe.
its actually the one bit of the announcements in the last two weeks that make sense -= there is definitely a lot of fat in public services and government departments
Slash and burn. Grind the poor down. Tax bonanza for the rich. Trim the fat from broken public services (nothing works in this country is a popular refrain down the dog and duck).
1. Scrap council tax and do a 2% annual property tax already, payable by estates or on sale if you can’t pay in the year.
2. Inheritance tax at 20% for all non property assets.
On point 1, are we talking about an annual valuation of every property or simply applying an inflationary uplift base don he house price index in a particular area.
So, let's say Stodge Towers is worth £500k - I would therefore pay £10k per year in property tax. That's well in front of Council Tax. What would you do with commercial property - apply a similar figure?
What about Land Value Taxation ( a good old LD policy) rather than a property tax? Tax the land your property is on rather than the property so for a block of flats the freeholder gets to pay for the land while the leaseholders are taxed on their property.
Reduce the tax to 1%, include land and think about commercial property.
Annual appraisal. Yes, all property treated equally. Yes, you would pay £10k. Tough.
The current Council Tax raises £36.3 billion as far as I can recall. If I have to pay approximately 9x what I pay in Council Tax through your new Property Tax the total amount raised would be in the region of £325 billion.
That's not a small amount - how would that be re-allocated to local authorities? Would this mitigate other forms of taxation - Mrs Stodge might well argue if we have to pay so much more in Property Tax we'll be spending less in other areas which will impact other tax receipts (VAT for example as spending is reduced).
Presumably rents would rise sharply as landlords would seek to recover their Property Tax costs from tenants.
We've still not considered commercial property and unused or undeveloped land
Fund local government properly. Reduce income tax accordingly. Renters no longer pay council tax, and landlord’s ability to recover from tenants will be limited by what the market will bear.
Why shouldn't renters pay Council tax? They use local services the same as everyone else. And before you answer - I rent.
What we might need is say, a local tax where everyone pays the same amount, or an amount as a % of their income. An induvial local tax....?
Key Truss ally tells Times about new age of austerity with slashes to "the very large" welfare budget and "trim the fat" of public services and government departments.
This is scorched earth.
Burn the public realm to the ground before they lose 200-odd seats and are out for a generation.
Madness. Pure madness.
NB: But I am sure the triple lock will be safe.
its actually the one bit of the announcements in the last two weeks that make sense -= there is definitely a lot of fat in public services
There really isn’t. Not with UK’s demographic.
Truss wants to shrink the state to US proportions. If she gets away with it, the effect will be terrifying on the bottom 20%.
Slash and burn. Grind the poor down. Tax bonanza for the rich. Trim the fat from broken public services (nothing works in this country is a popular refrain down the dog and duck).
1. Scrap council tax and do a 2% annual property tax already, payable by estates or on sale if you can’t pay in the year.
2. Inheritance tax at 20% for all non property assets.
On point 1, are we talking about an annual valuation of every property or simply applying an inflationary uplift base don he house price index in a particular area.
So, let's say Stodge Towers is worth £500k - I would therefore pay £10k per year in property tax. That's well in front of Council Tax. What would you do with commercial property - apply a similar figure?
What about Land Value Taxation ( a good old LD policy) rather than a property tax? Tax the land your property is on rather than the property so for a block of flats the freeholder gets to pay for the land while the leaseholders are taxed on their property.
Reduce the tax to 1%, include land and think about commercial property.
Annual appraisal. Yes, all property treated equally. Yes, you would pay £10k. Tough.
The current Council Tax raises £36.3 billion as far as I can recall. If I have to pay approximately 9x what I pay in Council Tax through your new Property Tax the total amount raised would be in the region of £325 billion.
That's not a small amount - how would that be re-allocated to local authorities? Would this mitigate other forms of taxation - Mrs Stodge might well argue if we have to pay so much more in Property Tax we'll be spending less in other areas which will impact other tax receipts (VAT for example as spending is reduced).
Presumably rents would rise sharply as landlords would seek to recover their Property Tax costs from tenants.
We've still not considered commercial property and unused or undeveloped land
Fund local government properly. Reduce income tax accordingly. Renters no longer pay council tax, and landlord’s ability to recover from tenants will be limited by what the market will bear.
Why shouldn't renters pay Council tax? They use local services the same as everyone else. And before you answer - I rent.
What we might need is say, a local tax where everyone pays the same amount, or an amount as a % of their income. An induvial local tax....?
Council tax administration is a nightmare. Collecting tax from renters is a total waste of time.
Allocate a share of VAT to local services if you want.
She’s finished. Risky (you may think) to say this so early? But she is. The parliamentary Conservative Party must urgently cut itself free of what will soon be the political corpse of its leadership.
An almost unknown prime minister and her almost unknown chancellor have trashed a golden opportunity to reach out to all sides in their party and consult and reflect during weeks of national mourning — and instead blundered straight into a massively ill-considered move that has almost literally scared the country out of its wits. This prime minister must be dispatched. Sacking her chancellor (though she should) won’t save her now. Her own removal is not a matter of “if” but when, how and by whom.
Key Truss ally tells Times about new age of austerity with slashes to "the very large" welfare budget and "trim the fat" of public services and government departments.
This is scorched earth.
Burn the public realm to the ground before they lose 200-odd seats and are out for a generation.
Madness. Pure madness.
NB: But I am sure the triple lock will be safe.
I think we can survive two years, especially with a rebellious conservative MPs. Seems like the oldest party may well be retired after Truss. .
Scotland SNP 47% Lab 34% Con 10% Grn 4% Ref 1% LD -
Wales Lab 64% Con 23% PC 7% LD 4%
(Omnisis; 29-30 September; 1,320)
Coo, what happened to the SLDs? Another brown lump suddenly on the lawn to poke uncertainly with a stick till the originator aka proper Scottish poll comes over the fence and we can see what it is.
Key Truss ally tells Times about new age of austerity with slashes to "the very large" welfare budget and "trim the fat" of public services and government departments.
This is scorched earth.
Burn the public realm to the ground before they lose 200-odd seats and are out for a generation.
Madness. Pure madness.
NB: But I am sure the triple lock will be safe.
its actually the one bit of the announcements in the last two weeks that make sense -= there is definitely a lot of fat in public services
There really isn’t. Not with UK’s demographic.
Truss wants to shrink the state to US proportions. If she gets away with it, the effect will be terrifying on the bottom 20%.
yes how will they cope without Period Officers and heads of inclusion and diversity. Of course there is room to cut public spending on non- jobs
Key Truss ally tells Times about new age of austerity with slashes to "the very large" welfare budget and "trim the fat" of public services and government departments.
This is scorched earth.
Burn the public realm to the ground before they lose 200-odd seats and are out for a generation.
Madness. Pure madness.
NB: But I am sure the triple lock will be safe.
its actually the one bit of the announcements in the last two weeks that make sense -= there is definitely a lot of fat in public services
There really isn’t. Not with UK’s demographic.
Truss wants to shrink the state to US proportions. If she gets away with it, the effect will be terrifying on the bottom 20%.
yes how will they cope without Period Officers and heads of inclusion and diversity. Of course there is room to cut public spending on non- jobs
Yep, so get rid of those. Now what to do with the other 99.999999999999999999999999% of spend?
Key Truss ally tells Times about new age of austerity with slashes to "the very large" welfare budget and "trim the fat" of public services and government departments.
This is scorched earth.
Burn the public realm to the ground before they lose 200-odd seats and are out for a generation.
Madness. Pure madness.
NB: But I am sure the triple lock will be safe.
its actually the one bit of the announcements in the last two weeks that make sense -= there is definitely a lot of fat in public services
There really isn’t. Not with UK’s demographic.
Truss wants to shrink the state to US proportions. If she gets away with it, the effect will be terrifying on the bottom 20%.
yes how will they cope without Period Officers and heads of inclusion and diversity. Of course there is room to cut public spending on non- jobs
I'm sure you can give stats on how many of those jobs there are. Es\pecially as some of those jobs are necessary to deal with HMG's own legislation.
1. Scrap council tax and do a 2% annual property tax already, payable by estates or on sale if you can’t pay in the year.
2. Inheritance tax at 20% for all non property assets.
On point 1, are we talking about an annual valuation of every property or simply applying an inflationary uplift base don he house price index in a particular area.
So, let's say Stodge Towers is worth £500k - I would therefore pay £10k per year in property tax. That's well in front of Council Tax. What would you do with commercial property - apply a similar figure?
What about Land Value Taxation ( a good old LD policy) rather than a property tax? Tax the land your property is on rather than the property so for a block of flats the freeholder gets to pay for the land while the leaseholders are taxed on their property.
Reduce the tax to 1%, include land and think about commercial property.
Annual appraisal. Yes, all property treated equally. Yes, you would pay £10k. Tough.
The current Council Tax raises £36.3 billion as far as I can recall. If I have to pay approximately 9x what I pay in Council Tax through your new Property Tax the total amount raised would be in the region of £325 billion.
That's not a small amount - how would that be re-allocated to local authorities? Would this mitigate other forms of taxation - Mrs Stodge might well argue if we have to pay so much more in Property Tax we'll be spending less in other areas which will impact other tax receipts (VAT for example as spending is reduced).
Presumably rents would rise sharply as landlords would seek to recover their Property Tax costs from tenants.
We've still not considered commercial property and unused or undeveloped land
Fund local government properly. Reduce income tax accordingly. Renters no longer pay council tax, and landlord’s ability to recover from tenants will be limited by what the market will bear.
Why shouldn't renters pay Council tax? They use local services the same as everyone else. And before you answer - I rent.
What we might need is say, a local tax where everyone pays the same amount, or an amount as a % of their income. An induvial local tax....?
Council tax administration is a nightmare. Collecting tax from renters is a total waste of time.
Allocate a share of VAT to local services if you want.
Fair enough but I don't know why collecting Council Tax from renters is a waste of time. I have to pay it - it's part of my tenancy agreement to do so and the Council wasted no time in knowing I was here.
High turnover rental properties maybe difficult to police - but most renters would expect to pay it (why wouldn't they) and do. Just because you rent doesn't mean you don't use local services/infrastructure.
It's a taboo word but a poll tax is actually the best solution. Tax the person.
1. Scrap council tax and do a 2% annual property tax already, payable by estates or on sale if you can’t pay in the year.
2. Inheritance tax at 20% for all non property assets.
On point 1, are we talking about an annual valuation of every property or simply applying an inflationary uplift base don he house price index in a particular area.
So, let's say Stodge Towers is worth £500k - I would therefore pay £10k per year in property tax. That's well in front of Council Tax. What would you do with commercial property - apply a similar figure?
What about Land Value Taxation ( a good old LD policy) rather than a property tax? Tax the land your property is on rather than the property so for a block of flats the freeholder gets to pay for the land while the leaseholders are taxed on their property.
Reduce the tax to 1%, include land and think about commercial property.
Annual appraisal. Yes, all property treated equally. Yes, you would pay £10k. Tough.
The current Council Tax raises £36.3 billion as far as I can recall. If I have to pay approximately 9x what I pay in Council Tax through your new Property Tax the total amount raised would be in the region of £325 billion.
That's not a small amount - how would that be re-allocated to local authorities? Would this mitigate other forms of taxation - Mrs Stodge might well argue if we have to pay so much more in Property Tax we'll be spending less in other areas which will impact other tax receipts (VAT for example as spending is reduced).
Presumably rents would rise sharply as landlords would seek to recover their Property Tax costs from tenants.
We've still not considered commercial property and unused or undeveloped land
Fund local government properly. Reduce income tax accordingly. Renters no longer pay council tax, and landlord’s ability to recover from tenants will be limited by what the market will bear.
Why shouldn't renters pay Council tax? They use local services the same as everyone else. And before you answer - I rent.
What we might need is say, a local tax where everyone pays the same amount, or an amount as a % of their income. An induvial local tax....?
Council tax administration is a nightmare. Collecting tax from renters is a total waste of time.
Allocate a share of VAT to local services if you want.
Fair enough but I don't know why collecting Council Tax from renters is a waste of time. I have to pay it - it's part of my tenancy agreement to do so and the Council wasted no time in knowing I was here.
High turnover rental properties maybe difficult to police - but most renters would expect to pay it (why wouldn't they) and do. Just because you rent doesn't mean you don't use local services/infrastructure.
It's a taboo word but a poll tax is actually the best solution. Tax the person.
Overall we tax income too highly, and wealth not enough.
Slash and burn. Grind the poor down. Tax bonanza for the rich. Trim the fat from broken public services (nothing works in this country is a popular refrain down the dog and duck).
As truss is quoted as saying
80 seat majority. If not now, when...
Yes, the IEA and Cato institute and Taxpayers Alliance and all the Hayeck and Rand reading teenagers in their bedrooms in underpants have been waiting their whole lives for this moment.
Key Truss ally tells Times about new age of austerity with slashes to "the very large" welfare budget and "trim the fat" of public services and government departments.
This is scorched earth.
Burn the public realm to the ground before they lose 200-odd seats and are out for a generation.
Madness. Pure madness.
NB: But I am sure the triple lock will be safe.
its actually the one bit of the announcements in the last two weeks that make sense -= there is definitely a lot of fat in public services
There really isn’t. Not with UK’s demographic.
Truss wants to shrink the state to US proportions. If she gets away with it, the effect will be terrifying on the bottom 20%.
yes how will they cope without Period Officers and heads of inclusion and diversity. Of course there is room to cut public spending on non- jobs
I'm sure you can give stats on how many of those jobs there are. Es\pecially as some of those jobs are necessary to deal with HMG's own legislation.
yes I am sure it is to do with stupid legislation - that can go as well.
Scotland SNP 47% Lab 34% Con 10% Grn 4% Ref 1% LD -
Wales Lab 64% Con 23% PC 7% LD 4%
(Omnisis; 29-30 September; 1,320)
Coo, what happened to the SLDs? Another brown lump suddenly on the lawn to poke uncertainly with a stick till the originator aka proper Scottish poll comes over the fence and we can see what it is.
Cole Hamilton smirking at the coffin wasn’t a good look.
is he the oldest ever former President or UK prime minister?
Yes. Runners up are James Callaghan (died the day before his 93rd birthday) and George H. Bush (94).
Carter deserves some sort of record. He was a lousy president in many ways, but was probably also the single most decent and well-meaning man ever to be President and has done far more good than almost any other human in the years since his defeat.
Scotland SNP 47% Lab 34% Con 10% Grn 4% Ref 1% LD -
Wales Lab 64% Con 23% PC 7% LD 4%
(Omnisis; 29-30 September; 1,320)
Coo, what happened to the SLDs? Another brown lump suddenly on the lawn to poke uncertainly with a stick till the originator aka proper Scottish poll comes over the fence and we can see what it is.
Cole Hamilton smirking at the coffin wasn’t a good look.
tbh neither was Kwasi Kwartengs "perfomance" at the funeral either
Scotland SNP 47% Lab 34% Con 10% Grn 4% Ref 1% LD -
Wales Lab 64% Con 23% PC 7% LD 4%
(Omnisis; 29-30 September; 1,320)
After Truss and Kwarteng's tax cuts for the rich mini budget, seems the Tories are now doing better in London than anywhere else apart from the South East of England. Their vote still down everywhere though. The North East figure of just 9% for the Truss Tories is abysmal compared to the 38% Boris got there in 2019.
Kwarteng has effectively sacrificed Tory redwall MPs on the alter of IEA libertarian ideology
Scotland SNP 47% Lab 34% Con 10% Grn 4% Ref 1% LD -
Wales Lab 64% Con 23% PC 7% LD 4%
(Omnisis; 29-30 September; 1,320)
Coo, what happened to the SLDs? Another brown lump suddenly on the lawn to poke uncertainly with a stick till the originator aka proper Scottish poll comes over the fence and we can see what it is.
Cole Hamilton smirking at the coffin wasn’t a good look.
Scotland SNP 47% Lab 34% Con 10% Grn 4% Ref 1% LD -
Wales Lab 64% Con 23% PC 7% LD 4%
(Omnisis; 29-30 September; 1,320)
Coo, what happened to the SLDs? Another brown lump suddenly on the lawn to poke uncertainly with a stick till the originator aka proper Scottish poll comes over the fence and we can see what it is.
Cole Hamilton smirking at the coffin wasn’t a good look.
tbh neither was Kwasi Kwartengs "perfomance" at the funeral either
Agreed.
It was noticeable the state media tried to hush hush it.
Luckily Kwarteng’s little “episode” is forever preserved in social media lore. What a twat.
Key Truss ally tells Times about new age of austerity with slashes to "the very large" welfare budget and "trim the fat" of public services and government departments.
This is scorched earth.
Burn the public realm to the ground before they lose 200-odd seats and are out for a generation.
Madness. Pure madness.
NB: But I am sure the triple lock will be safe.
its actually the one bit of the announcements in the last two weeks that make sense -= there is definitely a lot of fat in public services
There really isn’t. Not with UK’s demographic.
Truss wants to shrink the state to US proportions. If she gets away with it, the effect will be terrifying on the bottom 20%.
yes how will they cope without Period Officers and heads of inclusion and diversity. Of course there is room to cut public spending on non- jobs
I'm sure you can give stats on how many of those jobs there are. Es\pecially as some of those jobs are necessary to deal with HMG's own legislation.
yes I am sure it is to do with stupid legislation - that can go as well.
1. Scrap council tax and do a 2% annual property tax already, payable by estates or on sale if you can’t pay in the year.
2. Inheritance tax at 20% for all non property assets.
On point 1, are we talking about an annual valuation of every property or simply applying an inflationary uplift base don he house price index in a particular area.
So, let's say Stodge Towers is worth £500k - I would therefore pay £10k per year in property tax. That's well in front of Council Tax. What would you do with commercial property - apply a similar figure?
What about Land Value Taxation ( a good old LD policy) rather than a property tax? Tax the land your property is on rather than the property so for a block of flats the freeholder gets to pay for the land while the leaseholders are taxed on their property.
Reduce the tax to 1%, include land and think about commercial property.
Annual appraisal. Yes, all property treated equally. Yes, you would pay £10k. Tough.
The current Council Tax raises £36.3 billion as far as I can recall. If I have to pay approximately 9x what I pay in Council Tax through your new Property Tax the total amount raised would be in the region of £325 billion.
That's not a small amount - how would that be re-allocated to local authorities? Would this mitigate other forms of taxation - Mrs Stodge might well argue if we have to pay so much more in Property Tax we'll be spending less in other areas which will impact other tax receipts (VAT for example as spending is reduced).
Presumably rents would rise sharply as landlords would seek to recover their Property Tax costs from tenants.
We've still not considered commercial property and unused or undeveloped land
Fund local government properly. Reduce income tax accordingly. Renters no longer pay council tax, and landlord’s ability to recover from tenants will be limited by what the market will bear.
Why shouldn't renters pay Council tax? They use local services the same as everyone else. And before you answer - I rent.
What we might need is say, a local tax where everyone pays the same amount, or an amount as a % of their income. An induvial local tax....?
Council tax administration is a nightmare. Collecting tax from renters is a total waste of time.
Allocate a share of VAT to local services if you want.
Fair enough but I don't know why collecting Council Tax from renters is a waste of time. I have to pay it - it's part of my tenancy agreement to do so and the Council wasted no time in knowing I was here.
High turnover rental properties maybe difficult to police - but most renters would expect to pay it (why wouldn't they) and do. Just because you rent doesn't mean you don't use local services/infrastructure.
It's a taboo word but a poll tax is actually the best solution. Tax the person.
Overall we tax income too highly, and wealth not enough.
Good luck with your poll tax.
Quite. It's politically impossible, although in my opinion quite an elegant solution. And actually fair. If you're well off you pay the same as someone who may not be as much, but the flipside is that the more well-off (relatively) use local services, especially welfare, much less.
Which is why the problem of local funding will never be addressed because it's toxic to even look at. And never will be.
Important moment here - Levelling Up Secretary Simon Clarke tells the Times that the “very large” welfare state needs to be trimmed. This is the clearest yet that some serious spending cuts are on the way. This is where we are headed:
Scotland SNP 47% Lab 34% Con 10% Grn 4% Ref 1% LD -
Wales Lab 64% Con 23% PC 7% LD 4%
(Omnisis; 29-30 September; 1,320)
Coo, what happened to the SLDs? Another brown lump suddenly on the lawn to poke uncertainly with a stick till the originator aka proper Scottish poll comes over the fence and we can see what it is.
Cole Hamilton smirking at the coffin wasn’t a good look.
tbh neither was Kwasi Kwartengs "perfomance" at the funeral either
Agreed.
It was noticeable the state media tried to hush hush it.
Luckily Kwarteng’s little “episode” is forever preserved in social media lore. What a twat.
Why didn't they mention spending cuts in the statement last week? Surely that would have helped reassure the markets over the level of borrowing? Unless they are just trying to get around their own gross incompetence and regard the tax cuts as non-negotiable.
More worrying still, the word on the Tory backbenches is that they will work with Labour to ditch the 45p cut. A move that will help to the tune of all of £2bn. I'm also seeing a fair bit of the Tory commentariat stressing the importance of 'fairness' and that it would be better to keep the 45p rate? Why are they focusing on this. It appears as though the pension funds were in a state of cardiac arrest two days ago and they're arguing over such a small part of the puzzle. Why?
I fear there is a certain momentum in the Tories to present the market reaction as a fait accompli, we'll have to make massive spending cuts but what we'll do is restore the 45p rate so the public can see we are committed to fairness. Labour have not got themselves in a good position over this, focusing far too much on tax cuts for the rich. If they want a well maintained public realm you don't go cutting income tax.
I only hope that the continuing dire polls bring about a change in government.
Important moment here - Levelling Up Secretary Simon Clarke tells the Times that the “very large” welfare state needs to be trimmed. This is the clearest yet that some serious spending cuts are on the way. This is where we are headed:
Important moment here - Levelling Up Secretary Simon Clarke tells the Times that the “very large” welfare state needs to be trimmed. This is the clearest yet that some serious spending cuts are on the way. This is where we are headed:
Scotland SNP 47% Lab 34% Con 10% Grn 4% Ref 1% LD -
Wales Lab 64% Con 23% PC 7% LD 4%
(Omnisis; 29-30 September; 1,320)
After Truss and Kwarteng's tax cuts for the rich mini budget, seems the Tories are now doing better in London than anywhere else apart from the South East of England. Their vote still down everywhere though. The North East figure of just 9% for the Truss Tories is abysmal compared to the 38% Boris got there in 2019.
Kwarteng has effectively sacrificed Tory redwall MPs on the alter of IEA libertarian ideology
1. Scrap council tax and do a 2% annual property tax already, payable by estates or on sale if you can’t pay in the year.
2. Inheritance tax at 20% for all non property assets.
On point 1, are we talking about an annual valuation of every property or simply applying an inflationary uplift base don he house price index in a particular area.
So, let's say Stodge Towers is worth £500k - I would therefore pay £10k per year in property tax. That's well in front of Council Tax. What would you do with commercial property - apply a similar figure?
What about Land Value Taxation ( a good old LD policy) rather than a property tax? Tax the land your property is on rather than the property so for a block of flats the freeholder gets to pay for the land while the leaseholders are taxed on their property.
Reduce the tax to 1%, include land and think about commercial property.
Annual appraisal. Yes, all property treated equally. Yes, you would pay £10k. Tough.
The current Council Tax raises £36.3 billion as far as I can recall. If I have to pay approximately 9x what I pay in Council Tax through your new Property Tax the total amount raised would be in the region of £325 billion.
That's not a small amount - how would that be re-allocated to local authorities? Would this mitigate other forms of taxation - Mrs Stodge might well argue if we have to pay so much more in Property Tax we'll be spending less in other areas which will impact other tax receipts (VAT for example as spending is reduced).
Presumably rents would rise sharply as landlords would seek to recover their Property Tax costs from tenants.
We've still not considered commercial property and unused or undeveloped land
Fund local government properly. Reduce income tax accordingly. Renters no longer pay council tax, and landlord’s ability to recover from tenants will be limited by what the market will bear.
Why shouldn't renters pay Council tax? They use local services the same as everyone else. And before you answer - I rent.
What we might need is say, a local tax where everyone pays the same amount, or an amount as a % of their income. An induvial local tax....?
Council tax administration is a nightmare. Collecting tax from renters is a total waste of time.
Allocate a share of VAT to local services if you want.
Fair enough but I don't know why collecting Council Tax from renters is a waste of time. I have to pay it - it's part of my tenancy agreement to do so and the Council wasted no time in knowing I was here.
High turnover rental properties maybe difficult to police - but most renters would expect to pay it (why wouldn't they) and do. Just because you rent doesn't mean you don't use local services/infrastructure.
It's a taboo word but a poll tax is actually the best solution. Tax the person.
Overall we tax income too highly, and wealth not enough.
Good luck with your poll tax.
Quite. It's politically impossible, although in my opinion quite an elegant solution. And actually fair. If you're well off you pay the same as someone who may not be as much, but the flipside is that the more well-off (relatively) use local services, especially welfare, much less.
Which is why the problem of local funding will never be addressed because it's toxic to even look at. And never will be.
Your system would be incredibly regressive, and not solve local government funding issues.
Key Truss ally tells Times about new age of austerity with slashes to "the very large" welfare budget and "trim the fat" of public services and government departments.
This is scorched earth.
Burn the public realm to the ground before they lose 200-odd seats and are out for a generation.
Madness. Pure madness.
NB: But I am sure the triple lock will be safe.
its actually the one bit of the announcements in the last two weeks that make sense -= there is definitely a lot of fat in public services
There really isn’t. Not with UK’s demographic.
Truss wants to shrink the state to US proportions. If she gets away with it, the effect will be terrifying on the bottom 20%.
So now you want her to spend more?
You could at least pretend that your critique was in any way consistent.
Important moment here - Levelling Up Secretary Simon Clarke tells the Times that the “very large” welfare state needs to be trimmed. This is the clearest yet that some serious spending cuts are on the way. This is where we are headed:
Scotland SNP 47% Lab 34% Con 10% Grn 4% Ref 1% LD -
Wales Lab 64% Con 23% PC 7% LD 4%
(Omnisis; 29-30 September; 1,320)
After Truss and Kwarteng's tax cuts for the rich mini budget, seems the Tories are now doing better in London than anywhere else apart from the South East of England. Their vote still down everywhere though. The North East figure of just 9% for the Truss Tories is abysmal compared to the 38% Boris got there in 2019.
Kwarteng has effectively sacrificed Tory redwall MPs on the alter of IEA libertarian ideology
Naw ken.
"Truss Tories" is an interesting expression of HYUFD's. Obvs the Wrong Kind of/Not True Tory. Not that I blame him.
It will surprise nobody that I don't agree with the general tenor of @Cyclefree's thread header, but the headline is nicely done, and I do agree that more needs to be done to claw back the taxpayers money lost to Covid fraudsters. I can't help but think this will never be done by the civil service or police service, so should somehow be thrown over to private bounty hunters who make a commission on what they claim back. It would be a private sector solution, as well as a good example of trickle down economics.
Disagreeing with the "general tenor" is denying the evidence in front of your face. Unless in LG world all of the brilliant health and education staff are actually getting payrises worth their salt. Meanwhile you Trussites keep insisting the sky is green despite everyone being able to see it is blue, then wonder where all the votes went.
I would like enough wealth to be created so that we can afford to pay those people what they deserve. I don't know if Truss and Kwarteng have all the answers, but at the moment, they're the only ones asking the questions.
No, they're not. I mean, that's just complete nonsense. Vast numbers of politicians, journalists, think tanks and PB posters have been going on about growth, productivity, tax rates etc. etc. ad infinitum for years.
Important moment here - Levelling Up Secretary Simon Clarke tells the Times that the “very large” welfare state needs to be trimmed. This is the clearest yet that some serious spending cuts are on the way. This is where we are headed:
Important moment here - Levelling Up Secretary Simon Clarke tells the Times that the “very large” welfare state needs to be trimmed. This is the clearest yet that some serious spending cuts are on the way. This is where we are headed:
A vat of popcorn large enough simply doesn't exist. The government have decided that: a) they have a mandate from their large majority, and b) they are the smartest people in the room, and c) people really will thank them afterwards
So when they announce they are taking an axe to public services, to the welfare state, to disability support AND that your mortgage can go up 40% see if they care AND that the most well off not only will get oceans of cash but deserve it AND if you will struggle cos of this then WORK HARDER.
Labour's lead could be 60 points. For all that Leon frets about Putin nuking the UK, surely the source of the nuking is Truss? She is setting out to absolutely destroy this country and has this bonkers idea that people will thank her for it.
Tory MPs. Time for her to be politically Zhukov'd.
Why didn't they mention spending cuts in the statement last week? Surely that would have helped reassure the markets over the level of borrowing? Unless they are just trying to get around their own gross incompetence and regard the tax cuts as non-negotiable.
More worrying still, the word on the Tory backbenches is that they will work with Labour to ditch the 45p cut. A move that will help to the tune of all of £2bn. I'm also seeing a fair bit of the Tory commentariat stressing the importance of 'fairness' and that it would be better to keep the 45p rate? Why are they focusing on this. It appears as though the pension funds were in a state of cardiac arrest two days ago and they're arguing over such a small part of the puzzle. Why?
I fear there is a certain momentum in the Tories to present the market reaction as a fait accompli, we'll have to make massive spending cuts but what we'll do is restore the 45p rate so the public can see we are committed to fairness. Labour have not got themselves in a good position over this, focusing far too much on tax cuts for the rich. If they want a well maintained public realm you don't go cutting income tax.
I only hope that the continuing dire polls bring about a change in government.
Why not mention the cuts? Because crashing the economy is the supposed politically cover for the cuts. "The bad banker made me do it"
Key Truss ally tells Times about new age of austerity with slashes to "the very large" welfare budget and "trim the fat" of public services and government departments.
This is scorched earth.
Burn the public realm to the ground before they lose 200-odd seats and are out for a generation.
Madness. Pure madness.
NB: But I am sure the triple lock will be safe.
its actually the one bit of the announcements in the last two weeks that make sense -= there is definitely a lot of fat in public services
There really isn’t. Not with UK’s demographic.
Truss wants to shrink the state to US proportions. If she gets away with it, the effect will be terrifying on the bottom 20%.
So now you want her to spend more?
You could at least pretend that your critique was in any way consistent.
I’m very broadly aligned with where Labour is.
Higher borrowing, yes, but money to be spent on investment to actually grow the economy as opposed to giveaways for the richest. Aim to maintain overall debt levels over a five year window or similar.
The only area I “agree” with Truss is on supply side reforms, but I suspect I strongly disagree with her on the detail - if she ever provides any.
FPT: Another problem caused by Putin's invasion of Ukraine: "Nuclear fission startup TerraPower, founded and chaired by Microsoft co-founder Bill Gates, has raised $750 million to develop advanced nuclear reactors to serve as alternatives to the light-water reactors that make up the vast majority of the world’s civilian nuclear fleet. But cash alone won’t be enough to get the startup over the many hurdles that stand in its way. . . . One big new problem for TerraPower emerged earlier this year: its fuel source. The only facility currently able to supply commercial quantities of HALEU is in Russia. That wasn’t a great situation even before Russia invaded Ukraine. Now that the war in Ukraine has been grinding on for six months and shows no signs of resolution, relying on fuel sourced from Russia is untenable. " source: https://www.canarymedia.com/articles/nuclear/bill-gates-nuclear-startup-wins-750m-loses-sole-fuel-source
I loved the idea of turning Russian nuclear weapons into electricity for Americans.
I assume another fuel source can be developed, probably here in the US -- but doing so will delay the plant.
Truss tells Sun readers: "This government is on your side. "Together, we will get through this and put Britain on the path to long-term success." But hinted she could cut benefits, saying: "I’m on the side of people who work hard."
Important moment here - Levelling Up Secretary Simon Clarke tells the Times that the “very large” welfare state needs to be trimmed. This is the clearest yet that some serious spending cuts are on the way. This is where we are headed:
Important moment here - Levelling Up Secretary Simon Clarke tells the Times that the “very large” welfare state needs to be trimmed. This is the clearest yet that some serious spending cuts are on the way. This is where we are headed:
Key Truss ally tells Times about new age of austerity with slashes to "the very large" welfare budget and "trim the fat" of public services and government departments.
This is scorched earth.
Burn the public realm to the ground before they lose 200-odd seats and are out for a generation.
Madness. Pure madness.
NB: But I am sure the triple lock will be safe.
its actually the one bit of the announcements in the last two weeks that make sense -= there is definitely a lot of fat in public services
There really isn’t. Not with UK’s demographic.
Truss wants to shrink the state to US proportions. If she gets away with it, the effect will be terrifying on the bottom 20%.
So now you want her to spend more?
You could at least pretend that your critique was in any way consistent.
I’m very broadly aligned with where Labour is.
Higher borrowing, yes, but money to be spent on investment to actually grow the economy as opposed to giveaways for the richest.
The only area I “agree” with Truss is on supply side reforms, but I suspect I strongly disagree with her on the detail - if she ever provides any.
So the supply side stuff has been the usual hocus pocus i.e. bonfire of red tape (never happens cos it is almost all necessary), vocational training reform (never happens even after decades of saying it), planning reform (yeh, right, LOL).
This is some kind of Pinochet-style hijack of government.
They won’t get away with this.
Who is going to stop them?
Dunno. But she is failing to bring any real constituency with her.
Thatcher had Mondeo Man etc.
Truss has just blown up their mortgages, is going to put them on a zero hours contract, and has explained that they can fuck off unless they earn over £155k.
Important moment here - Levelling Up Secretary Simon Clarke tells the Times that the “very large” welfare state needs to be trimmed. This is the clearest yet that some serious spending cuts are on the way. This is where we are headed:
Truss tells Sun readers: "This government is on your side. "Together, we will get through this and put Britain on the path to long-term success." But hinted she could cut benefits, saying: "I’m on the side of people who work hard."
1. Scrap council tax and do a 2% annual property tax already, payable by estates or on sale if you can’t pay in the year.
2. Inheritance tax at 20% for all non property assets.
On point 1, are we talking about an annual valuation of every property or simply applying an inflationary uplift base don he house price index in a particular area.
So, let's say Stodge Towers is worth £500k - I would therefore pay £10k per year in property tax. That's well in front of Council Tax. What would you do with commercial property - apply a similar figure?
What about Land Value Taxation ( a good old LD policy) rather than a property tax? Tax the land your property is on rather than the property so for a block of flats the freeholder gets to pay for the land while the leaseholders are taxed on their property.
Reduce the tax to 1%, include land and think about commercial property.
Annual appraisal. Yes, all property treated equally. Yes, you would pay £10k. Tough.
The current Council Tax raises £36.3 billion as far as I can recall. If I have to pay approximately 9x what I pay in Council Tax through your new Property Tax the total amount raised would be in the region of £325 billion.
That's not a small amount - how would that be re-allocated to local authorities? Would this mitigate other forms of taxation - Mrs Stodge might well argue if we have to pay so much more in Property Tax we'll be spending less in other areas which will impact other tax receipts (VAT for example as spending is reduced).
Presumably rents would rise sharply as landlords would seek to recover their Property Tax costs from tenants.
We've still not considered commercial property and unused or undeveloped land
Fund local government properly. Reduce income tax accordingly. Renters no longer pay council tax, and landlord’s ability to recover from tenants will be limited by what the market will bear.
Why shouldn't renters pay Council tax? They use local services the same as everyone else. And before you answer - I rent.
What we might need is say, a local tax where everyone pays the same amount, or an amount as a % of their income. An induvial local tax....?
Council tax administration is a nightmare. Collecting tax from renters is a total waste of time.
Allocate a share of VAT to local services if you want.
Fair enough but I don't know why collecting Council Tax from renters is a waste of time. I have to pay it - it's part of my tenancy agreement to do so and the Council wasted no time in knowing I was here.
High turnover rental properties maybe difficult to police - but most renters would expect to pay it (why wouldn't they) and do. Just because you rent doesn't mean you don't use local services/infrastructure.
It's a taboo word but a poll tax is actually the best solution. Tax the person.
Overall we tax income too highly, and wealth not enough.
Good luck with your poll tax.
Quite. It's politically impossible, although in my opinion quite an elegant solution. And actually fair. If you're well off you pay the same as someone who may not be as much, but the flipside is that the more well-off (relatively) use local services, especially welfare, much less.
Which is why the problem of local funding will never be addressed because it's toxic to even look at. And never will be.
Your system would be incredibly regressive, and not solve local government funding issues.
I'll just have to disagree and leave it there. How it is in any way equitable for people who wear the sin of being "rich" (whatever that means and how you measure it) to pay disproportionately more for services they don't/mostly don't use, whilst those that use them the most pay the minimum, or nothing, is madness. And the anthesis of "fair".
The terms "regressive" and "progressive" are complete crap. One persons "progressive" is the other persons "regressive" and vice-versa.
Truss tells Sun readers: "This government is on your side. "Together, we will get through this and put Britain on the path to long-term success." But hinted she could cut benefits, saying: "I’m on the side of people who work hard."
Truss tells Sun readers: "This government is on your side. "Together, we will get through this and put Britain on the path to long-term success." But hinted she could cut benefits, saying: "I’m on the side of people who work hard."
is he the oldest ever former President or UK prime minister?
Yes. Runners up are James Callaghan (died the day before his 93rd birthday) and George H. Bush (94).
Carter deserves some sort of record. He was a lousy president in many ways, but was probably also the single most decent and well-meaning man ever to be President and has done far more good than almost any other human in the years since his defeat.
1. Scrap council tax and do a 2% annual property tax already, payable by estates or on sale if you can’t pay in the year.
2. Inheritance tax at 20% for all non property assets.
On point 1, are we talking about an annual valuation of every property or simply applying an inflationary uplift base don he house price index in a particular area.
So, let's say Stodge Towers is worth £500k - I would therefore pay £10k per year in property tax. That's well in front of Council Tax. What would you do with commercial property - apply a similar figure?
What about Land Value Taxation ( a good old LD policy) rather than a property tax? Tax the land your property is on rather than the property so for a block of flats the freeholder gets to pay for the land while the leaseholders are taxed on their property.
Reduce the tax to 1%, include land and think about commercial property.
Annual appraisal. Yes, all property treated equally. Yes, you would pay £10k. Tough.
The current Council Tax raises £36.3 billion as far as I can recall. If I have to pay approximately 9x what I pay in Council Tax through your new Property Tax the total amount raised would be in the region of £325 billion.
That's not a small amount - how would that be re-allocated to local authorities? Would this mitigate other forms of taxation - Mrs Stodge might well argue if we have to pay so much more in Property Tax we'll be spending less in other areas which will impact other tax receipts (VAT for example as spending is reduced).
Presumably rents would rise sharply as landlords would seek to recover their Property Tax costs from tenants.
We've still not considered commercial property and unused or undeveloped land
Fund local government properly. Reduce income tax accordingly. Renters no longer pay council tax, and landlord’s ability to recover from tenants will be limited by what the market will bear.
Why shouldn't renters pay Council tax? They use local services the same as everyone else. And before you answer - I rent.
What we might need is say, a local tax where everyone pays the same amount, or an amount as a % of their income. An induvial local tax....?
Council tax administration is a nightmare. Collecting tax from renters is a total waste of time.
Allocate a share of VAT to local services if you want.
Fair enough but I don't know why collecting Council Tax from renters is a waste of time. I have to pay it - it's part of my tenancy agreement to do so and the Council wasted no time in knowing I was here.
High turnover rental properties maybe difficult to police - but most renters would expect to pay it (why wouldn't they) and do. Just because you rent doesn't mean you don't use local services/infrastructure.
It's a taboo word but a poll tax is actually the best solution. Tax the person.
Overall we tax income too highly, and wealth not enough.
Good luck with your poll tax.
Quite. It's politically impossible, although in my opinion quite an elegant solution. And actually fair. If you're well off you pay the same as someone who may not be as much, but the flipside is that the more well-off (relatively) use local services, especially welfare, much less.
Which is why the problem of local funding will never be addressed because it's toxic to even look at. And never will be.
Your system would be incredibly regressive, and not solve local government funding issues.
I'll just have to disagree and leave it there. How it is in any way equitable for people who wear the sin of being "rich" (whatever that means and how you measure it) to pay disproportionately more for services they don't/mostly don't use, whilst those that use them the most pay the minimum, or nothing, is madness. And the anthesis of "fair".
The terms "regressive" and "progressive" are complete crap. One persons "progressive" is the other persons "regressive" and vice-versa.
I mean, since you don’t believe the words “fair”, “rich” or “progressive” have any worthwhile meaning you can be safely ignored.
1. Scrap council tax and do a 2% annual property tax already, payable by estates or on sale if you can’t pay in the year.
2. Inheritance tax at 20% for all non property assets.
On point 1, are we talking about an annual valuation of every property or simply applying an inflationary uplift base don he house price index in a particular area.
So, let's say Stodge Towers is worth £500k - I would therefore pay £10k per year in property tax. That's well in front of Council Tax. What would you do with commercial property - apply a similar figure?
What about Land Value Taxation ( a good old LD policy) rather than a property tax? Tax the land your property is on rather than the property so for a block of flats the freeholder gets to pay for the land while the leaseholders are taxed on their property.
Reduce the tax to 1%, include land and think about commercial property.
Annual appraisal. Yes, all property treated equally. Yes, you would pay £10k. Tough.
The current Council Tax raises £36.3 billion as far as I can recall. If I have to pay approximately 9x what I pay in Council Tax through your new Property Tax the total amount raised would be in the region of £325 billion.
That's not a small amount - how would that be re-allocated to local authorities? Would this mitigate other forms of taxation - Mrs Stodge might well argue if we have to pay so much more in Property Tax we'll be spending less in other areas which will impact other tax receipts (VAT for example as spending is reduced).
Presumably rents would rise sharply as landlords would seek to recover their Property Tax costs from tenants.
We've still not considered commercial property and unused or undeveloped land
Fund local government properly. Reduce income tax accordingly. Renters no longer pay council tax, and landlord’s ability to recover from tenants will be limited by what the market will bear.
Why shouldn't renters pay Council tax? They use local services the same as everyone else. And before you answer - I rent.
What we might need is say, a local tax where everyone pays the same amount, or an amount as a % of their income. An induvial local tax....?
Council tax administration is a nightmare. Collecting tax from renters is a total waste of time.
Allocate a share of VAT to local services if you want.
Fair enough but I don't know why collecting Council Tax from renters is a waste of time. I have to pay it - it's part of my tenancy agreement to do so and the Council wasted no time in knowing I was here.
High turnover rental properties maybe difficult to police - but most renters would expect to pay it (why wouldn't they) and do. Just because you rent doesn't mean you don't use local services/infrastructure.
It's a taboo word but a poll tax is actually the best solution. Tax the person.
Overall we tax income too highly, and wealth not enough.
Good luck with your poll tax.
Quite. It's politically impossible, although in my opinion quite an elegant solution. And actually fair. If you're well off you pay the same as someone who may not be as much, but the flipside is that the more well-off (relatively) use local services, especially welfare, much less.
Which is why the problem of local funding will never be addressed because it's toxic to even look at. And never will be.
Your system would be incredibly regressive, and not solve local government funding issues.
I'll just have to disagree and leave it there. How it is in any way equitable for people who wear the sin of being "rich" (whatever that means and how you measure it) to pay disproportionately more for services they don't/mostly don't use, whilst those that use them the most pay the minimum, or nothing, is madness. And the anthesis of "fair".
The terms "regressive" and "progressive" are complete crap. One persons "progressive" is the other persons "regressive" and vice-versa.
I mean, since you don’t believe the words “fair”, “rich” or “progressive” have any worthwhile meaning you can be safely ignored.
File under loon.
They don't have a true meaning - they're all relative terms.
Comments
Makes me realise we are further down the timeline than we think - in the movie, constant bbc reports about carry on normally, there is no cause for alarm, etc. When in actual fact what was about to happen was staring everyone in the face.
I've had a bad feeling about this for days, it's not getting any better now.
That's not a small amount - how would that be re-allocated to local authorities? Would this mitigate other forms of taxation - Mrs Stodge might well argue if we have to pay so much more in Property Tax we'll be spending less in other areas which will impact other tax receipts (VAT for example as spending is reduced).
Presumably rents would rise sharply as landlords would seek to recover their Property Tax costs from tenants.
We've still not considered commercial property and unused or undeveloped land
Ditch the nutcase. She should never have got there in the first place.
@Omnisis 30 Sep 32pt Lab lead
@PeoplePolling 29 Sep 30pts
@Survation 29 Sep 21pts
@BMGResearch 28-29 Sep 17pts
@techneUK 28-29 Sep 20pts
@YouGov 28-29 Sep 33pts
@RedfieldWilton 28-29 Sep 17pts
@DeltapollUK 27-29 Sep 19pts
https://en.wikipedia.org/wiki/Opinion_polling_for_the_next_United_Kingdom_general_election https://twitter.com/JohnRentoul/status/1575951412810293248/photo/1
A fine example of the good a political leader can do when they are no longer in office. Something for the likes of Major, Blair, Brown, Cameron, May, Johnson and before long Truss to consider.
Some background on LDIs and pensions from someone who seems to understand them, via Bloomberg.
Reduce income tax accordingly.
Renters no longer pay council tax, and landlord’s ability to recover from tenants will be limited by what the market will bear.
Writing in The Telegraph, the Chancellor vows to publish a “credible” plan in November to get debt falling
https://www.telegraph.co.uk/politics/2022/09/30/kwasi-kwarteng-promise-bring-spending-control/
This is scorched earth.
Burn the public realm to the ground before they lose 200-odd seats and are out for a generation.
Madness. Pure madness.
NB: But I am sure the triple lock will be safe.
Lots of questions about the mechanism, not least because finance bill not expected until next year
But Kwarteng’s opponents think they’ll have the numbers
https://www.thetimes.co.uk/article/56d743e2-40ae-11ed-b24d-96120f17513d?shareToken=9c8d2bcace64f9c56373dbe674492048
BORRRRING
They've all gone mad.
1922. Do the work. Now.
What we might need is say, a local tax where everyone pays the same amount, or an amount as a % of their income. An induvial local tax....?
Not with UK’s demographic.
Truss wants to shrink the state to US proportions. If she gets away with it, the effect will be terrifying on the bottom 20%.
80 seat majority. If not now, when...
Collecting tax from renters is a total waste of time.
Allocate a share of VAT to local services if you want.
Austerity 1.0 had nothing on what is to about to come.
Lab 44%
Con 26%
LD 16%
Ref 6%
Grn 5%
South East
Con 52%
Lab 37%
Grn 6%
Ref 3%
LD 2%
South West
Lab 44%
Con 24%
LD 22%
Ref 6%
Grn 2%
East
Lab 66%
Con 15%
Grn 10%
LD 6%
Ref 1%
East Midlands
Lab 72%
Con 19%
Grn 7%
Ref 1%
LD 1%
West Midlands
Lab 65%
Con 16%
LD 9%
Ref 5%
Grn 3%
Yorkshire & Humber
Lab 76%
Con 13%
LD 5%
Grn 3%
Ref 2%
North East
Lab 79%
Con 9%
LD 7%
Ref 3%
Grn 1%
North West
Lab 55%
Con 24%
Grn 11%
LD 10%
Ref 1%
Scotland
SNP 47%
Lab 34%
Con 10%
Grn 4%
Ref 1%
LD -
Wales
Lab 64%
Con 23%
PC 7%
LD 4%
(Omnisis; 29-30 September; 1,320)
An almost unknown prime minister and her almost unknown chancellor have trashed a golden opportunity to reach out to all sides in their party and consult and reflect during weeks of national mourning — and instead blundered straight into a massively ill-considered move that has almost literally scared the country out of its wits. This prime minister must be dispatched. Sacking her chancellor (though she should) won’t save her now. Her own removal is not a matter of “if” but when, how and by whom.
By whom? That’s entirely in the hands of her own MPs.
https://www.thetimes.co.uk/article/this-prime-minister-must-be-dispatched-now-c6vkf787k
Now what to do with the other 99.999999999999999999999999% of spend?
High turnover rental properties maybe difficult to police - but most renters would expect to pay it (why wouldn't they) and do. Just because you rent doesn't mean you don't use local services/infrastructure.
It's a taboo word but a poll tax is actually the best solution. Tax the person.
Cons had a big lead here, just a few months ago.
Good luck with your poll tax.
Finally, the experiment can begin.
2028 is more likely.
Carter deserves some sort of record. He was a lousy president in many ways, but was probably also the single most decent and well-meaning man ever to be President and has done far more good than almost any other human in the years since his defeat.
2. a few month ago = another age
Kwarteng has effectively sacrificed Tory redwall MPs on the alter of IEA libertarian ideology
It was noticeable the state media tried to hush hush it.
Luckily Kwarteng’s little “episode” is forever preserved in social media lore. What a twat.
Which is why the problem of local funding will never be addressed because it's toxic to even look at. And never will be.
https://twitter.com/michaelsavage/status/1575957703964250113/photo/1
Kwasi Kwarteng has said there was no alternative to his mini-Budget, in the latest sign it’s staying in full.
“Not all the measures we announced last week will be universally popular.
“But we had to do something different. We had no other choice.” https://www.telegraph.co.uk/politics/2022/09/30/kwasi-kwarteng-promise-bring-spending-control/
Under-fire PM vows no U-turn on mini-Budget as she attempts to quell days of market unrest and grumbling from MPs
https://www.thesun.co.uk/news/19972195/liz-truss-bills-government-on-your-side?utm_source=sharebar_app&utm_medium=sharebar_app&utm_campaign=sharebar_app_article
More worrying still, the word on the Tory backbenches is that they will work with Labour to ditch the 45p cut. A move that will help to the tune of all of £2bn. I'm also seeing a fair bit of the Tory commentariat stressing the importance of 'fairness' and that it would be better to keep the 45p rate? Why are they focusing on this. It appears as though the pension funds were in a state of cardiac arrest two days ago and they're arguing over such a small part of the puzzle. Why?
I fear there is a certain momentum in the Tories to present the market reaction as a fait accompli, we'll have to make massive spending cuts but what we'll do is restore the 45p rate so the public can see we are committed to fairness. Labour have not got themselves in a good position over this, focusing far too much on tax cuts for the rich. If they want a well maintained public realm you don't go cutting income tax.
I only hope that the continuing dire polls bring about a change in government.
They won’t get away with this.
Why?
Cos Truss says so and a load of tory members believed her nonsense.
You could at least pretend that your critique was in any way consistent.
In an exclusive article for @theSun, Truss vows not to U-turn on mini-Budget as she attempts to quell market unrest and grumbling from MPs:
https://www.thesun.co.uk/news/19972347/liz-truss-iron-grip-uk-finances-tax-cuts/
a) they have a mandate from their large majority, and
b) they are the smartest people in the room, and
c) people really will thank them afterwards
So when they announce they are taking an axe to public services, to the welfare state, to disability support AND that your mortgage can go up 40% see if they care AND that the most well off not only will get oceans of cash but deserve it AND if you will struggle cos of this then WORK HARDER.
Labour's lead could be 60 points. For all that Leon frets about Putin nuking the UK, surely the source of the nuking is Truss? She is setting out to absolutely destroy this country and has this bonkers idea that people will thank her for it.
Tory MPs. Time for her to be politically Zhukov'd.
Higher borrowing, yes, but money to be spent on investment to actually grow the economy as opposed to giveaways for the richest. Aim to maintain overall debt levels over a five year window or similar.
The only area I “agree” with Truss is on supply side reforms, but I suspect I strongly disagree with her on the detail - if she ever provides any.
I am not sure they have the stones for it.
The next election is lost.
2 years to collect their paycheque and line up some consulting gigs...
. . .
One big new problem for TerraPower emerged earlier this year: its fuel source. The only facility currently able to supply commercial quantities of HALEU is in Russia. That wasn’t a great situation even before Russia invaded Ukraine. Now that the war in Ukraine has been grinding on for six months and shows no signs of resolution, relying on fuel sourced from Russia is untenable. "
source: https://www.canarymedia.com/articles/nuclear/bill-gates-nuclear-startup-wins-750m-loses-sole-fuel-source
I loved the idea of turning Russian nuclear weapons into electricity for Americans.
I assume another fuel source can be developed, probably here in the US -- but doing so will delay the plant.
"Together, we will get through this and put Britain on the path to long-term success."
But hinted she could cut benefits, saying: "I’m on the side of people who work hard."
https://www.thesun.co.uk/news/19972195/liz-truss-bills-government-on-your-side?utm_source=sharebar_app&utm_medium=sharebar_app&utm_campaign=sharebar_app_article
I accept that T-K are unlikely to round and up and kill their ideological enemies.
https://twitter.com/michaelsavage/status/1575961238840160258
But she is failing to bring any real constituency with her.
Thatcher had Mondeo Man etc.
Truss has just blown up their mortgages, is going to put them on a zero hours contract, and has explained that they can fuck off unless they earn over £155k.
The terms "regressive" and "progressive" are complete crap. One persons "progressive" is the other persons "regressive" and vice-versa.
Truss managed to get the RSPB of all people up in arms before she even opened her gob.
Mild mannered middle Britain already want to hang the witch.
My loathing for Truss continues to rocket .
File under loon.
File under idiot.